EPCG export obligation rules modified: taken-over sick units get extended compliance period; set-off permitted; no further extensions. Amendments to the EPCG scheme allow a unit that takes over a sick unit to fulfil the original license's export obligation within twelve years from the license issue date and permit set off of a year's export obligation by excess exports of preceding years; licenses with an overall export obligation period of twelve years shall not be eligible for further extension.
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EPCG export obligation rules modified: taken-over sick units get extended compliance period; set-off permitted; no further extensions.
Amendments to the EPCG scheme allow a unit that takes over a sick unit to fulfil the original license's export obligation within twelve years from the license issue date and permit set off of a year's export obligation by excess exports of preceding years; licenses with an overall export obligation period of twelve years shall not be eligible for further extension.
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